Why are they not protesting the high cost of the colleges??
You know WHERE that trillion came from? It came from the GOVERNMNET (read “you and me”) and when to support the trashy liberal elite at colleges and universities with six-figure salaries, and fat benefit packages.
Meanwhile kids came out of those “universities” with a head full of mush and barely able to read and write.
What a scam!
I would like to know how much of that figure is delinquent. How much is in arrears and for what period of time? Months/Years?
By show of hands, who thinks student loans are so students can get an education? Anybody?
Nope. These loans are welfare for college professors. How else could somebody make $110,000 teaching Quadriplegic Dancing and Interpretive Groaning?
Let’s see, what other welfare programs could we get rid of? UN payments? Most foreign assistance? Most Federal jobs?
I've always figured that 80%+ of the dregs in these protests were there to squeal about their $100,000 in loans for that genders studies degree. I do love to see these idiots faces when you tell them that fed student loans don't go out the window during a bankruptcy...it stays with you forever.
Odumbo might try to stir them up with more class hatred though....Then portray himself as the one who will “help” them in his next term.
What a situation we are in. Obama is only the major symptom...Our real disease is that we have so many in this country that voted him in to be potus.
That’s just a massive number in student loans alone.
From comments at the link:
“”The 99 percent website is one of the places where the Occupy Wall Street movement first got its inspiration.
“I am a young medical professional who BARELY makes it paycheck-to-paycheck because I have over $200,000.00 in student loan debt,” says another testimonial on the website Tuesday. “I pay almost $1,000 a month just in student loan repayment. I will have to do so for the next 30 years. How will I ever afford to buy a house, have children or save for the future?””
Can’t help but wonder when this dawned on this person. I don’t think any of us have gone to a doctor or a dentist who hasn’t been paying off student loans. They didn’t take to the streets; they worked their practice, paid off their loans and did all of the things this person is worrying about. It never dawned on them to complain to the government..
Student loans were absolutely the worst thing to happen to higher education
The increase in the cost of a college education FAR outpaced inflation since student loans were instituted
On the Florida Has a Right to Know site, 11 Universities in our State alone have a payroll of $2,656,609,555.72 per year not including Coaches and Athletic Staff.
Money’s gotta come from somewhere!
Link:
http://www.floridahasarighttoknow.com/search_state_payroll.html
Very, very serious question here.
What would be the consequences of ending all Federal Student Loan programs?
If the Federal Government stopped insuring Student Loans for College Students, what would the results be for Loan Companies, Students, and Colleges?
Forgiving the debt would just give these brats room to run up more of it.
If you can do it once, then you can do it over and over again.
And the people that actually paid theirs back? All they get is a nice pat on the head from Obama, and are told to show their own way out.
college for many if not most has been one long joy ride of drunkeness and sloth and yet the people that actually got into the work force now are going to get the shaft again?......
where is the equality in that?
of course, dismissing college loans would be a boon to two of my children....but the larger picture is forgiving college loans is totally unfair to those who are doing important work that didn't require a flimsy college degree.....
About 2 weeks ago, I saw a pic of one of the “99%” who took a pic of herself with her cellphone, holding a piece of paper with her complaints on it.
She wanted her student loans forgiven. She had accrued over $150,000 in student loans while pursuing her Bachelor’s Degree in Minority Women’s Studies. She was mad because she could not find a job in her chosen field that would pay her enough to live in the manner she was accustomed to, while paying her existing loans off, and simultaneously accruing even more debt to pursue her Master’s in the same subject.
These people could not accrue such debt had they not completed the intensely invasive student loan application process along with her Parents who had to produce multiple personal tax returns before they signed to back all of those loans as well.
These people know full well that they voluntarily took on this debt, pursuing a degree that they themselves chose. Expecting the taxpayers to take on that debt for them is pure fantasy and proves that these people have such a tenuous grasp on reality I wonder how they have managed to survive this long. (Rhetorical flair there....).
I’ve never taken out a student loan, so I’m not too clear on how this all works. This seems like it’s just another version of the sub-prime mortgage mess. When these loans are taken out, does anybody look to see how they’re going to get paid back? If someone wants to borrow $200-300K to earn a degree in some obscure field of study, will they still get the loan when everyone knows that they’ll never earn a salary sufficient to pay it back?
Sounds about right. I would also add that,if the time spent in school was more about school and less bout studying liberal arts,keggers,getting stoned,protesting,and hooking up online,then maybe when these little idiots get out of school,they would have the skill to work someplace other than Starbuck’s and could pay their tuition back.....or,perhaps they could (GASP!!!) just work their way through school...God forbid!
I don’t like this student loan business anymore than anyone else here.
But, I am remembering that there is a provision in these gov backed loans that if they work for the feds, they get their loans forgiven? Not sure on the details, but it is a break.
Now, what is Ozero going to do?
Give these idiots jobs in his new brown shirts???
Maybe???
These are the very people he aims his “hope and change” at.
My student loans are long paid off, I’m ten years out of school. A large part of that was the fact that my parents did help me out with school, but they expected me to have skin in the game, I had to work and borrow. But they also helped me pick a school where I could get a good education and leave without a crushing debt.
Hubby did it himself, and we are still paying his loans. But whenever we got the dispursment check, it was alway a chunk more than education expenses. So, instead of spending that money, it went right back towards the balance of the loans. I doubt many of these kids spent a whole $100 K on their education, but spent a chunk of it on whatever they wanted and now they are whining away.
This is what something like 94% of the OWS crowd are asking for, according to a survey, and I’m sure he’s going to do it. Don’t forget that the US took over all the underwriting of student loans after Bambi got into the WH, thereby getting everything in line for this.
And it will be portrayed as the forgiveness of a couple of thousand dollars in tuition loans taken out by a state college student...ignoring things like the $130,000 dollars in student loans taken out by that whining pill of an upper middle class Skidmore English major who is evidently a big cheese in the OWS movement.
Nobody had to incur that type of debt to get a college degree. Only the people who feel everything should be given to them, because they’re special. They’re not poor, generally, and oddly enough, in many cases, they seem to come from families where their parents have actually worked for a living (although I notice that some of them are from academic or government employee families).
change bankruptcy law.
but only for subtantive degrees. nothing for fluff degrees.
They want their loans forgiven?? How ‘bout they do like lots of us have done and serve their country? Best decision I ever made. Helped me eliminate 60K in student loan debt. Hell, even the Peace Corps offers loan forgiveness. But any of these options would actually require some sacrifice on their part, sacrifice that I doubt they are mature enough withstand...